SAN FRANCISCO, March 21 Accel, the venture
capital firm behind social network Facebook, has closed a
new $475 million fund, the firm said on Thursday.
Accel London IV will invest in early- and growth-stage
companies in the consumer Internet, big data, cloud, software
and mobile sectors, the firm said.
Accel London's current portfolio includes companies such as
Rovio, the Finnish developer behind the popular Angry Birds
game, and Wonga, the British consumer-lending site.
Accel's last big funds include Accel Growth Fund II, an $875
million vehicle that closed in June 2011, and Accel XI, a $475
million vehicle that also closed in June 2011.
The firm said the latest fund was raised in 8 weeks.